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$4,999,999

Beds
5
Baths
6.0
sq ft
4,083

1361 Berea Pl, Pacific Palisades, CA 90272

1361 Berea Pl

Pacific Palisades, CA 90272

  • 121 days on market
    • Price drop $295,001↓
Welcome to 1361 Berea Pl, where the Amalfi Coast meets the Pacific Ocean. Elevated above the highly coveted Palisades Village, this mesmerizing view estate boasts the perfect blend of A+ location, modern architecture and endless amenities. Enter to soaring ceilings adorned by multiple skylights welcoming you to the main level of the home. Envisioned for entertaining, the expansive formal living room flows effortlessly to your picturesque outdoor terrace. Adjacent, find the wall to wall view dining room encased with awe-inspiring vistas offering an exemplary setting for high end hosting. The kitchen is a culinary dream, featuring a Subzero fridge, Wolf appliances, a state-of-the-art wood-burning pizza oven, custom cabinetry, a walk-in pantry, quartzite countertops and breathtaking ocean views. The luxurious primary suite features dual walk-in closets, a private balcony with panoramic ocean vistas and the spa-inspired primary bathroom which is equipped with dual vanities, a lavish soaking tub and a dual head steam shower. An additional en-suite bedroom which could be used as a home office rounds out the second floor. The lowest level is an entertainer's paradise, featuring an 800-bottle temperature-controlled wine cellar and two additional en-suite bedrooms with private entrances, ensuring utmost privacy and convenience for discerning admirers. Each bedroom opens to a vast outdoor deck, complete with an outdoor kitchen highlighting a Santa Maria grill, fridge, ice maker, and bar. Experience the charm of the Italian countryside with an enchanting terraced yard, bounded by lush greenery and featuring a diverse array of fruit and vegetable trees. A spacious two car garage with direct entry completes the home. Don't miss the opportunity to own this alluring view estate in the heart of the Pacific Palisades.

Details

Property type

Single Family Residence

Est. home value

$5,719,500

Lot size

8,395 sq ft

Price per sq ft

$1,225

Year built

1960

HOA

No

Price History

09/06/2024
CLAW

CLAW #24417065

Price change
$4,999,999
-5.57%
07/23/2024
CLAW

CLAW #24417065

Listed
$5,295,000
-1.49%
07/03/2024
CLAW

CLAW #24354085

Removed
$5,375,000

Schools & Community

Neighborhood: 

Pacific Palisades

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,949,051
Asking price
$4,999,999
Closing costs (~8% of asking)
-$400,000
Est. remaining loan balance
-$1,650,948
Cash to seller
$2,949,051

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

April 2020

Original loan amount

$1,822,000

Est. remaining balance

$1,650,948

Interest rate

3.49%

Loan type

New Conventional, 30 year

Seller

David L Witherow and Gena M Bell

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 12:30 AM

Listing updated: 10/30/2024 at 10:55 AM

Listed by: Cynthia Ambuehl, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #24417065

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